Retail Inflation Eases Marginally To 6.44%
India’s retail inflation eased marginally to 6.44% in February after three-month high of 6.52% in January. The new inflation will burn pockets of consumer as prices continued to be above the Reserve Bank of India’s so-called tolerable limit of 6% for two straight months. On March 13, the RBI released the data, which said the food and beverages inflation index stood at 6.26% during the month against 6.19% in January.
Tags: RETAIL INFLATION, Percentage, Indian government, Market, Modi Government
Courtesy: Hindustan Times
EVs Production In India Will Make It Dependent On China
The production of electric vehicles (EVs) in India will increase its reliance on China for raw materials, mineral processing, and battery production. The Global Trade Research Initiative (GTRI) stated that a life cycle impact analysis is required for the field of electric vehicles. Sources confirmed that 70% of the materials used to make EVs in India are from China. Pollutants are released during the battery's production, disposal, and… read-more
Tags: EVs, China, Market, Indian Automobiles, Production
Courtesy: Zee News India
OLX To Layoff 15% Staff To Manage Economic Conditions
After Amazon, Microsoft and Google, the Dutch online market OLX also announced to laying off 15% staff. On January 31, a company spokesperson said, "OLX is reducing its global workforce by 15% which affects staff across all countries, business units and job functions. We are taking necessary measures to reduce cost structure in light of changing macroeconomic conditions." The layoff will impact approximately 15,000 staff at OLX.
Tags: OLX, Market, Economic Conditions, layoff, Workforce
Courtesy: Hindustan Times
TPV Technology Announces Launch Of Philips Products In India
TPV Technology has announced the launch of Philips accessories in India. The new range of Philips accessories includes Power Bank, Car Chargers, Wall Chargers, among others. Shailesh Prabhu, the Country Head of TPV Technology, shared, "We see a great potential in the Indian Market for our accessories range." These products are said to be well-suited for working individuals, students, home users, etc.
Tags: business, Philips, Market, India, accessories
Motilal Oswal Financial Services Predict India's GDP to Fall 6-7% in 2nd Quarter
Mumbai’s Motilal Oswal Financial Services, in their 'Ecoscope' report on October 5, stated that economic indicators show the GDP will fall by 6-7% in the second quarter. This is lower than the widely expected 11% fall. According to the firm, e-way registrations, power generation, mobility-indices and auto sales have resulted in increased economic activity. The report also suggests a positive trend in economic activities during the upcoming… read-more
Tags: Motilal Oswal Financial Services, Market, GDP, Economic Indicators, Economic Activity
Courtesy: The Economic Times